TAX TIPS
Tax tips are not a substitute for legal, accounting, tax, investment, or other professional advice. Always consult with your trusted CPA before acting upon any tax tips.
Do you work from home? If so, you may be familiar with the home office deduction, available for taxpayers who use their home for business. Beginning this year, there is a new, simpler option to figure the business use of your home.
This simplified option does not change the rules for who may claim a home office deduction. It merely simplifies the calculation and recordkeeping requirements. The new option can save you a lot of time and will require less paperwork and recordkeeping. Here are six facts the IRS wants you to know about the new, simplified method to claim the home office deduction.
For more information regarding tax tips contact your trusted CPA or www.IRS.gov.
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